Gartner estimated that end-user spending on public cloud services would grow 20.4% in 2022 to a total of $494.7 billion. That is up from $410.9 billion in 2021. In 2023, end-user spending is expected to reach nearly $600 billion. 

Interestingly enough, cloud computing, one of the major buzzwords in the last decade, has not yet been established as a term in the Oxford dictionary.